As the Texas House considers House Bill 3, a tax bill that institutes new taxes in order to fund HB 2 (the education reform bill passed last week), the Texas Public Policy Foundation, the National Federation of Independent Business, and the Texas Conservative Coalition Research Institute are offering a solution that meets revenue needs without doing damage to Texas’ economic growth and competitive advantage.
Texas City Eliminates Their Property Taxes
On September 10, the City of Von Ormy cut its already low property tax rate from $.12 to zero. Von Ormy has had a history of dedication to low, or no taxes, with 2024 being the first time they even adopted a tax rate since 2014. The city approved a zero-property tax rate even as...